Exams / Texas Life Insurance License / Tex. Ins. Code §541.110
Tex. Ins. Code §541.110 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 3 exams including the Texas Life Insurance License.
The text
Sec. 541.110. ADMINISTRATIVE PENALTY. (a) A person who violates a cease and desist order issued under Section 541.108 is subject to an administrative penalty under Chapter 84. (b) In determining whether a person has violated a cease and desist order, the department shall consider the maintenance of procedures reasonably adapted to ensure compliance with the order. (c) An administrative penalty imposed under this section may not exceed: (1) $1,000 for each violation; or (2) $5,000 for all violations. (d) An order of the department imposing an administrative penalty under this section applies only to a violation of the cease and desist order committed before the date the order imposing the penalty is issued. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Public record. Read the full, current section at the official source: tcss.legis.texas.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Tex. Ins. Code §541.110, an order imposing an administrative penalty applies only to violations of the cease and desist order committed before which date?
drill Texas Statutes and Rules Common to Life and Health Insurance → - Under Tex. Ins. Code §541.110, what factor must the department consider in determining whether a person violated a cease and desist order?
drill Texas Statutes and Rules Common to Life and Health Insurance → - When determining whether a person violated a cease and desist order under Texas Insurance Code §541.110, what must the department consider?
drill Texas Statutes and Rules Common to Property and Casualty Insurance →